General

80% of real estate companies did not complete operations during May

"80 percent of the activity continues to be paralyzed as a result of the restrictions imposed by the Covid-19 pandemic . The partial opening of operations in some jurisdictions allowed for a minimal upturn, both in rents and However, eight out of ten real estate agents could not close any operation "Camesi pointed out.

The president of the entity, Alejandro Ginevra said that " we are facing an unprecedented crisis in the market and we believe that government measures are being imposed that include a broad moratorium, access to soft loans and a strong presence and support of the State in the economic, financial and commercial areas ”.

The first data that emerges among those consulted is that the vast majority continue without specifying any type of operation, despite the fact that in some jurisdictions the activity was resumed and visits were authorized in CABA related to unoccupied properties.

In May, 21% of those surveyed were able to carry out a rental operation, which represents a significant increase in relative terms compared to the previous month (9%), but reflects that the vast majority of When consulted, there are still no operations.

In the purchase-sales area, only 18% of real estate companies closed an operation, while 7% had done so in April. From the report prepared by the entity, it appears that 43% of the operators could not comply with the payment of all the services of their company and 61% with the total payment of their obligations.

Specifically, 60% of those who pay salaries are not being able to meet the total payment of salaries to their employees; and 48% of those who pay commissions were able to do so in full. Regarding the payment of rents by tenants during the past month, just over half (52%) were able to pay the entire rent, while the rest made partial payments.

On the other hand, Almost 60% of those consulted registered an increase in the supply of commercial premises, especially in urban centers with large circulation.

In this context, Ginevra considered "urgent and necessary" official policies that "allow a immediate stimulus, obviously maintaining the objective of prioritizing health over the economy. Specifically, a wide moratorium is imposed, access to soft loans and a strong presence and support in the economic, financial and commercial areas. ”


Source link

Related Articles

Close